Why Cyprus?๐Ÿ‡ช๐Ÿ‡บ๐Ÿ‡จ๐Ÿ‡ณ

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Key Location

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Situated at the crossroads of Europe, Asia and Africa, Cyprusโ€™s geographical location has long been considered as an advantageous gateway in international trade. The strategic position of the island helps to attract over 2.5 million tourists from all over the world each year, making tourism the main industry. In recent years the island has also become a significant hub for financial services, law and international shipping and offers countless investment opportunities. With the discovery of gas fields located of the islandโ€™s southern coast, the importance of the island continues to increase.

Attractive tax system

A low corporate tax rate of 12.5% and double tax treaties with over 48 countries makes the tax system in Cyprus very attractive. The islandโ€™s effective and transparent tax system is fully compliant with EU laws and regulations. In addition to this, royalties, dividends and profits from overseas permanent establishments are all exempt from tax, which gives investors an economical advantage on their overseas ventures. Recent amendments to individual tax and property tax have also made the tax system more favorable for both residents and investors.

A member of the EU

The Republic of Cyprus became a full member of the European Union in 2004, which in turn launched a new era of economic, political, social and environmental growth. In 2008, the island then joined the European Monetary Union, which enabled investors to freely access the EU market whilst benefiting from lower costs and greater price transparency throughout the Eurozone, thus increasing confidence in the security and reliability of the financial environment. This confidence continues today as Cyprus continues to enjoy growth in numerous sectors.

Progressive infrastructure

Cyprus enjoys an advanced and efficient infrastructure. A modern road network ensures transport across the island is simple and fast. International airports in Larnaca and Paphos provide flights to and from Europe and the Middle East, and extensive shipping facilities in Limassol and Larnaca serve the islandโ€™s prevalent import and export markets. Substantial investment has been made to advance the technological infrastructure of the island. Cyprus has a well-established telecommunications network, recognized as one of the best in the region

Quality Lifestyle

For those lucky enough to reside in Cyprus, a clean and healthy environment is on the top of the list of the benefits of living on the island. Cyprus offers an enviable lifestyle with a high standard of living. An ideal balance of work and family life is unique to the island and ingrained in its culture. A combination of excellent weather, beautiful surroundings, safety and hospitality, make the experience of living on the island one to be desired and enjoyed.

CYPRUS: THE BEST WATER QUALITY IN EUROPE

According to the European Environment Agency (EEA) and the European Commission Cyprus tops the MS on the quality of its bathing waters, with 99,1% being of excellent quality for 2019.

  • Cyprus is the birthplace of Aphrodite Goddess of love and beauty.
  • Population one million.
  • Dimocratic country with liberal market economy.
  • 10,000 years valuable ancient history.
  • Big potential opportunities in oil & gas. Is estimated to be enough to support the whole Europe for 100 years.
  • International banking system and important international business and shipping centre.
  • Full member of the European Union since May 2004. Euro currency since January 2008.
  • Amazing climate: summer season from April to October and average winter temperatures: air +18, water +17.  320 sunny  days a year.
  • Crystal clear sea waters and air smelling of flowers. 52 blue flag beaches. Fresh fruits and vegetables all year round.
  • Clean ecology.
  • Friendly and hospitable people.
  • Lowest crime rate in Europe.
  • Almost everybody speaks English.
  • 2 New International Airports (Larnaca and Pafos).
  • 2 Sea Ports (Limassol and Larnaca).
  • Golfers coming to Cyprus can currently enjoy a choice or tour of golf courses.
  • Freehold and stable property prices.
  • Strategic location between 3 continents: Europe, Asia and Africa.
  • Legal system based on the English law.
  • Easy and fast procedures to register companies.
  • High quality communications and highly developed infrastructure.
  • Short distances between towns.
  • International schools, colleges, universities and kindergartens.
  • High quality lifestyle and low cost of living.
  • Tax advantages: low taxation 12.5% lower in all Europe, double taxation treaties with 48 countries, in most cases there is no tax on dividends, etc.
  • Non Eu Citizens who purchase property in Cyprus of a minimum value of โ‚ฌ300,000 are eligible to apply Cyprus Permanent Resident Permit and โ‚ฌ2,000,000 Cyprus European Passport.
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